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Chariot Oil Share Chat (CHAR)



Share Price: 16.75Bid: 16.50Ask: 16.75Change: 0.00 (0.00%)No Movement on Chariot Oil
Spread: 0.25Spread as %: 1.52%Open: 17.50High: 17.00Low: 16.50Yesterday’s Close: 16.75



Share Discussion for Chariot Oil (CHAR)


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Pegasusmarine
Posts: 276
Off Topic
Opinion:No Opinion
Price:18.25
View Thread (6)
No news is no news ...
10 Jun '14
or in a close period. There are strict rules surrounding what Larry and the BOD can and cannot say - that may explain why the Nomad was at the AGM. There has also been no directors purchases for a long time - thank goodness. As to what has Larry done in the last two years to earn his money - its a bit like 'what have the Romans ever done for us' Monty Python sketch....quite a lot actually.

e.g. A Mauritania farm-in which means the rest of Mauritania action will be for free (with additional farm-in's) and more cash. He expanded from a one horse trick to 4 countries covering multiple atlantic margin plays and spread the risk around. He ended up the year end with more cash than predicted by any of the analysts. And he got Dave Bodecott (Ex Rockhopper founder - remember sea lion and the share price surge?) and Bill Trojan (massively experienced) on board as non execs. He has a good CFO and a great technical director. Where he has fallen out of favour is poor PR towards PI's even though we are the majority. He did make a good move on changing the brokers so we can target the II's. The guys completed the Morocco seismic's across three areas (gaining a new license area, and throwing out one not wanted) in record time. Data rooms are now open for Namibia, Morocco, and Mauritania and I think Brazil as well....

The roadmap still shows potential for a drill this year and as Blackfisk (hello) says - Pancontinental's roadmap also shows someone drilling. I think I read somewhere that post Senegal Cairn have a free rig slot later this year... next door to Mauritania.... you know - the place where Dana and Tullow opened up a new play recently - and Cairn - our partner in Mauritania .... there is also the Morocco long reach significant gas discovery onshore... and more to come offshore I suspect soon - many drills in the coming twelve months. I would not be surprised if we farm-out soon...

Waddayareckon - any more positives?
 
Pegasusmarine
Posts: 276
Off Topic
Opinion:No Opinion
Price:18.00
2714 A
10 Jun '14
First post. Wehyey ! 2714A was written off a long time ago - if it is renewed then some value for the zero value currently attributed. More interested in Nam centrals, 2714B and Northern post TRP to be honest. As well as Morocco etc..! tip tv says double your bet - well Malcolm says that....
InTheMeantime
Posts: 13
Off Topic
Opinion:No Opinion
Price:18.00
View Thread (2)
RE: no news is bad news..........
10 Jun '14
Agreed Marclem ,
You make some good points , but it's also the farm in that we have that's important -27141A , really looking for a licence renewal and commitment to drill , hopefully news sometime soon . If the majors don't fancy another shot at finding oil there ...who would ?
Blackfisk21
Posts: 552
Off Topic
Opinion:No Opinion
Price:18.00
Chariot 2014 drill
10 Jun '14
Looking at the pancon presentation flagged by preciousmaj on iii, I'm wondering if there could still be a chance of Chariot drilling this year. Here's the link....

http://clients2.weblink.com.au/clients/pancon/article.asp?asx=PCL&view=6680248

The presentation suggests that another company will be drilling at the end of this year. At the end of last year, Pancontinental's London presentation said that Chariot could be drilling possibly two wells in 2014. Apart from the confirmed Tower/Repsol drill, Chariot was the only company mentioned as drill contenders back then. Maybe, just maybe, Larry et al will surprise us :-D Have learned to live in hope rather than expectation with respect to Chariot drills, but you never know....
marclem
Posts: 74
Off Topic
Opinion:No Opinion
Price:18.00
View Thread (2)
no news is bad news..........
10 Jun '14
this really is beginning to feel like the place where only the desperate and the mad hold out. have held chariot for far too long, have managed to usually miss the opportunities to sell and have made the classic mistake of averaging down when I should have known better. it is more than 2 years since chariot actually had any meaningful news to give (and that was disasterous). Ever since it´s been nods and winks. Facts are we can´t afford to drill ourselves so are reliant on a neighbour having good news to tell and for us to bask in the glow and with the data room open for as long as prince charles has been next in line to throne, and no one taking an interest in a farm in, it looks like anyone with anyone sense is not interested. it pains me to say it as chariot is still my biggest investment (by cost if not current value), but this is looking pretty grim. What has Larry done in 2 years to justify his pay?
clogheen
Posts: 1,378
Observation
Opinion:No Opinion
Price:18.00
Interesting
10 Jun '14
mcfcnige
Posts: 2,731
Observation
Opinion:No Opinion
Price:18.00
Tip TV
10 Jun '14
Just spotted this on the Helios Chariot twitter page

Malcy is a good guy, so we may get some clues to how things are going.

https://twitter.com/Helioschariot
Tuggers
Posts: 6,607
Off Topic
Opinion:No Opinion
Price:18.75
View Thread (3)
RE: Mc
9 Jun '14
Appreciated report MR
ENTANGLED
Posts: 276
Observation
Opinion:No Opinion
Price:18.75
View Thread (2)
RE: Sorry
9 Jun '14
Many thanks M R
GLA.
mcfcnige
Posts: 2,731
Off Topic
Opinion:No Opinion
Price:18.75
View Thread (3)
RE: Mc
9 Jun '14
Cheers MR.

Thanks again for taking the timeout to give us the rundown of the day..

I get the feeling that everything is very tight now , hopefully any news we get will add value..



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